Bluestone jewellery & lifestyle Limited announced that its Nomination and Remuneration Committee has approved the grant of 2,09,319 employee stock options under the company's Employee Stock Option Plan 2014. The approval was granted during the committee's meeting held on April 16, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

ESOP Grant Details

The stock option grant encompasses significant benefits for eligible employees of the jewellery and lifestyle company. The options are structured under the Bluestone Jewellery and Lifestyle Limited – Employee Stock Option Plan 2014, which operates in accordance with the Securities and Exchange Board of India regulations.

Vesting and Exercise Framework

The ESOP follows a structured four-year vesting schedule designed to retain talent and align employee interests with company performance. Under this framework, 25% of the granted options vest upon completion of one year from the grant date. The remaining unvested options vest proportionately on a monthly basis thereafter until the completion of the four-year vesting period.

The exercise period for the stock options extends up to ten years from the date of vesting, providing employees with substantial flexibility. However, the actual exercise timeline depends on various employment scenarios, including resignation, retirement, termination, or other circumstances as detailed in the plan's annexure.

Employment Scenario Guidelines

The ESOP plan includes comprehensive guidelines for different employment situations. In cases of resignation or termination (excluding misconduct), vested options remain exercisable for 60 days after the last working day, while unvested options are cancelled immediately. For retirement scenarios, vested options can be exercised within 60 days, and unvested options continue to vest according to the original schedule.

Regulatory Compliance

The company has ensured full compliance with regulatory requirements by filing the necessary disclosures with both BSE Limited and the National Stock Exchange of India Limited. The disclosure has also been made available on the company's investor relations website, maintaining transparency with stakeholders and regulatory authorities.

Bluestone jewellery & lifestyle Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate, mandated under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, was filed with both BSE and NSE on April 06, 2026.

Regulatory Compliance Filing

The certificate was issued by KFIN Technologies Limited, serving as the company's registrar and share transfer agent. The document confirms that all required details of securities dematerialized during the quarter have been properly furnished to stock exchanges where the company's shares are listed.

Certificate Details

KFIN Technologies confirmed several key compliance aspects in their certification:

• All securities dematerialized during the quarter were processed according to regulatory requirements
• Security certificates received for dematerialization were properly mutilated and cancelled after verification
• Names of depositories were substituted in the registered owner records within the mandated 15-day period
• No requests for rematerialization of shares were received during the quarter

Filing Authority

The compliance certificate was signed by Gaurav Singh Kushwaha, Managing Director of Bluestone Jewellery and Lifestyle Limited, with DIN 01674879. The document was digitally signed on April 06, 2026, ensuring proper authentication of the regulatory submission.

Depository Compliance

The certificate was also forwarded to both major depositories in India - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) - as part of the standard compliance process. This ensures comprehensive reporting across all relevant regulatory bodies and market infrastructure institutions.

This quarterly filing represents routine regulatory compliance for listed companies, demonstrating Bluestone's adherence to SEBI's depository and participant regulations governing the dematerialization and transfer of securities.